Retail Deal Spans Europe And Africa

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

(FROM THE WALL STREET JOURNAL 11/26/14) By Matina Stevis and Ian Walker Furniture retailer Steinhoff International Holdings Ltd. is acquiring fellow South African retailer Pepkor Holdings Proprietary Ltd. for 62.8 billion South African rand ($5.7 billion), as it aims to ...

Singapore October Industrial Output Flat Despite Biomedical Push

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Gaurav Raghuvanshi SINGAPORE--Singapore's manufacturing output was flat in October despite a push from the volatile pharmaceutical sector as production in other sectors lagged. Output rose 0.2% on year in October, preliminary figures released on Wednesday show, falling far short ...

BOJ Shirai Says Extra Action Was Justified

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

HIROSHIMA, Japan--A member of the Bank of Japan policy board whose vote helped tip the scales in favor of recent action said the latest stimulus was justified to keep inflation on track toward its target and deliver on the bank's ...

CMA CGM Buys Shipper OPDR

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Ruth Bender PARIS--France's CMA CGM SA, the world's third-biggest container-shipping operator by capacity, Wednesday said it bought Germany's Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH for an undisclosed sum. The acquisition, reported earlier by The Wall Street Journal, is part of CMA CGM's ...

Samsung to Buy Back $2 Billion Worth of Shares

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Jonathan Cheng And Min-Jeong Lee SEOUL-- Samsung Electronics Co. said it would buy back $2 billion of its shares, its first such move in seven years, as it deploys some of its $60 billion cash hoard to shore up ...

Congressional Talks on Tax Breaks Stall

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

WASHINGTON--Congressional negotiations to extend a slate of temporary tax breaks stalled Tuesday when the White House pushed back on a deal under discussion on Capitol Hill. Lawmakers had neared an agreement to make permanent a handful of temporary tax breaks ...

No Risk of Foreign Asset Expropriation in Russia, Economy Minister Says

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Alexander Kolyandr MOSCOW--There is no risk of foreign asset expropriation in Russia, the country's economy minister said Wednesday. Speaking at a televised news conference in Stuttgart, Germany, Alexei Ulyukayev said current laws and the government's economic policy don't allow ...

Oil Trades Near Multi-Year Lows After Overnight Slump

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Eric Yep Crude-oil futures were weak in Asian trade Wednesday after sharp overnight losses and traders said large price swings will continue as markets lap up news headlines in the run up to OPEC's meeting in Vienna on Thursday. ...

Congressional Talks On Tax Breaks Stall -- Update

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Kristina Peterson and Damian Paletta WASHINGTON--Congressional negotiations to extend a slate of temporary tax breaks stalled Tuesday when the White House pushed back on a deal under discussion on Capitol Hill. Lawmakers had neared an agreement to make permanent ...

Samsung to Sell Stakes in Chemical, Defense Units for $1.7 Billion

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Min-Jeong Lee SEOUL--Samsung Group said on Wednesday it will sell controlling stakes in its chemical and defense units for 1.9 trillion won ($1.7 billion) as South Korea's largest conglomerate continues restructuring moves ahead of an expected leadership succession. Samsung ...

Net trade balance at SEK -0.2 billion in October

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

Statistical news from Statistics Sweden 2014-11-26 9:30 AM Nr 2014:544 Exports, imports and net trade balance, October 2014: Net trade balance at SEK -0.2 billion in October In October 2014 Swedish exports of goods amounted to SEK 103.1 billion, while ...

Dollar Tad Lower Ahead of U.S. Holiday

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Hiroyuki Kachi The dollar was slightly lower against the yen in quiet rangebound Asian trade Wednesday, with investors reluctant to move aggressively ahead of the U.S. Thanksgiving holiday. As of 0450 GMT, the dollar was at Y117.82 from Y117.95 ...

Is India now fully valued? -- Barron's Asia

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Alexander Redman and Arun Sai In our view, one of the questions foremost on most Global Emerging Market (GEM) investors' minds is whether India is now fully valued. We believe not. On first inspection we find that Indian equities ...

ECB May Buy Bonds Early 2015

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

FRANKFURT-European Central Bank Vice President Vitor Constancio sent the strongest signal to date Wednesday that the ECB is prepared to buy government bonds early next year if it decides that more aggressive stimulus measures are needed. In remarks prepared for ...

No Risk of Foreign Asset Expropriation, Russia's Economy Minister Says

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

MOSCOW--There is no risk of foreign asset expropriation in Russia, the country's economy minister said Wednesday. Speaking at a televised news conference in Stuttgart, Germany, Alexei Ulyukayev said current laws and the government's economic policy don't allow the expropriation of ...

French November Consumer Confidence Rises to 87 vs 85 in October

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Stacy Meichtry PARIS--French consumer confidence rose in November, a survey from statistics agency Insee showed Wednesday. The monthly survey recorded a rise in consumer confidence to 87 in November from 85 in October. That reading is the survey's highest ...

Jefferies Bumps Up Against Big Rivals as It Looks to Expand

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Ianthe Jeanne Dugan And Telis Demos Benjamin Lorello, Jefferies LLC's investment-banking chief, spent years cultivating his relationship with executives at Sirona Dental Systems Inc., helping the small-but-promising health-care company raise money and providing advice on acquisitions. But when Sirona ...

Discover Sues Visa Over Debit-Card Practices

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Robin Sidel Discover Financial Services Inc. filed a lawsuit in federal court against Visa Inc., accusing its card-network rival of anticompetitive practices in its debit-card business. The lawsuit, filed Tuesday, contends that Visa is "undertaking illegal behavior to fend ...